Once this number is crossed, 27). start discarding the worst performer upon every new addition.

28). Rarely look at folio performance. Only do so to fine-tune folio.

Don’t give 29). tips. Don’t ask for them either.

You are you. 30). Don’t compare your folio to another.

Due diligence will require 31). brass tacks. Don’t be afraid to plunge into annual reports and balance sheets.

32). Read between the lines.

Look 33). how much the promoters personally earn annually from the underlying . Some promoters take home an unjustified number. That’s precisely the underlying to avoid. Avoid a greedy promoter as if you were avoiding disease.

Is 34). zero-debt really zero-debt? Look closely.

Are the 35). promoters shareholder-friendly? Do they regularly create value for the shareholder?

Are 36). strong reserves present?

Are the 37). promoters capable of eating up these instead of using them to create value?

Is the 38). underlying liquid enough to function on a daily basis? Look at the basic ratios.

Is any 39). wheeling-dealing going on with exceptional items and what have you?